HomeTagsParamount earnings

Tag: Paramount earnings

Paramount Misses on Revenue, But Posts Strong Streaming Numbers

Media and entertainment giant Paramount Global shared its third-quarter earnings report, which was disappointing in terms of revenue but saw strong streaming numbers. Paramount saw $6.73 billion in revenue for Q3, missing out on the $6.95 billion estimated by analysts. Furthermore, the number represented a...

Paramount Writes Down the Value of Its Cable-TV Networks By $6 Billion

Media and entertainment giant Paramount announced that it is writing down the value of its cable-TV networks by $6 billion. The company also confirmed it will lay off 15% of its workforce in the United States, amounting to approximately 2,000 workers, as part of...

Paramount Stock Jumps Amid Better-Than-Expected Q2 Earnings

Mass media and entertainment giant Paramount reported its second-quarter earnings on Monday and showed signs of improvement after a rough first three months of 2023. The investors took notice, sending the company’s shares up by almost 7% at one point in after-hours trading on...